Kaiser Permanente experienced mixed financial results in 2021, with an increase in net income for the year but steep declines in operating income and operating margin, the company recently revealed. Total operating revenues topped $93 billion in 2021, up from $88 billion in 2020, but total operating expenses also increased, from $86.5 billion in 2020 to $92.5 billion in 2021.
We issue this blunt warning to workers and the general public: The hospital system is worse off now than it was in March 2020. We have been worn to the bone after two years of the pandemic.
The Massachusetts Nurses Association and Worcester-based Saint Vincent Hospital have reached a tentative agreement, inking a contract that will end a strike that has lasted almost nine months. Once the agreement is ratified, the striking nurses will return to their original positions, while retaining all permanent replacement nurses in their current positions, the union said.